De Marchena-Huyke Foundation

Analysis

De Marchena-Huyke Foundation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, De Marchena-Huyke Foundation reported income of $169k and spending of $212k, spending 125% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $6.0m to $169k (-97%), an average of -97% a year. The sharpest change came in the year to June 2023, when income dropped by 97%. Over the whole period it spent 4.6% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, De Marchena-Huyke Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Ratna Global Foundation Inc ($169k), Rose Giving Inc ($169k) and Prime Solidarity Fund ($169k).

Compensation of current officers, directors and key employees was $13k (6.1% of expenses). At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m.